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Retail therapy pushes hotel ADR up 25%

  Dubai / Emirates Business Hotels developed in and around the region’s shopping malls can expect to post an Average Daily Rate (ADR) 25% higher than hotels that are not co-located with a major retail development. The findings are published in a report by Colliers International, released ahead of Arabian Travel Market 2017, which takes place April, 24-27 at Dubai ...

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Damac unveils Kenda Villas at Akoya Oxygen

  Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, on Wednesday showcased the new Kenda Villas, a range of extraordinary stone villas in one of Dubai’s most prestigious golf communities. Set in their own private enclave of the international golf community, AKOYA Oxygen, Kenda Villas are available in various sizes and arrangements to ...

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ADFG to launch Etihad REIT

  Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) is launching Etihad REIT, a Shariah-compliant real estate investment trust (REIT). The REIT comprises a seed portfolio of 10 income producing assets situated in the UAE. Etihad REIT expects to raise further capital through an initial public offering (IPO) on a stock exchange in the UAE at an appropriate ...

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